ACM Managed Dollar Income Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-07964

 

 

ACM MANAGED DOLLAR INCOME FUND, INC.

(Exact name of registrant as specified in charter)

 

 

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

 

 

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: September 30, 2008

Date of reporting period: June 30, 2008

 

 

 

ITEM 1. SCHEDULE OF INVESTMENTS.

 

2

ACM Managed Dollar Income Fund

Portfolio of Investments

June 30, 2008 (unaudited)

 

     Principal
Amount
(000)		    U.S. $ Value

CORPORATES - NON-INVESTMENT GRADES - 47.6%

     

Industrial - 35.4%

     

Basic - 3.2%

     

Abitibi-Consolidated, Inc.

      

6.00%, 6/20/13

    US$ 5    $ 2,250

Arch Western Finance LLC

      

6.75%, 7/01/13

      165      161,700

Basell AF SCA

      

8.375%, 8/15/15 (a)

      369      234,315

Bowater Canada Finance Corp.

      

7.95%, 11/15/11

      355      246,725

Citigroup (JSC Severstal)

      

9.25%, 4/19/14 (a)

      464      483,720

Domtar Corp.

      

5.375%, 12/01/13

      330      292,050

Evraz Group SA

      

8.25%, 11/10/15 (a)

      665      650,869

Georgia-Pacific Corp.

      

7.00%, 1/15/15 (a)

      250      235,000

Hexion US Finance Corp./Hexion Nova Scotia Finance ULC

      

7.176%, 11/15/14 (b)

      115      95,450

9.75%, 11/15/14

      115      104,075

Huntsman International LLC

      

7.875%, 11/15/14

      195      178,425

Ineos Group Holdings PLC

      

8.50%, 2/15/16 (a)

      385      253,137

Jefferson Smurfit Corp. US

      

8.25%, 10/01/12

      8      6,980

Momentive Performance Materials, Inc.

      

10.125%, 12/01/14 (c)

      80      66,800

NewMarket Corp.

      

7.125%, 12/15/16

      80      79,400

NewPage Corp.

      

10.00%, 5/01/12

      285      288,562

Novelis, Inc.

      

7.25%, 2/15/15

      250      236,250

Peabody Energy Corp.

      

Series B

      

6.875%, 3/15/13

    415    416,038

Vedanta Resources PLC

      

8.75%, 1/15/14 (a)

    559    553,410
       
      4,585,156
       

Capital Goods - 4.0%

     

Alion Science and Technology Corp.

      

10.25%, 2/01/15

    40    28,000

Allied Waste North America, Inc.

      

6.375%, 4/15/11

    610    603,900

Series B

      

7.125%, 5/15/16

    440    437,800

Associated Materials, Inc.

      

11.25%, 3/01/14 (d)

    440    290,400

Ball Corp.

      

6.875%, 12/15/12

    450    448,875

Berry Plastics Holding Corp.

      

8.875%, 9/15/14

    155    134,075

10.25%, 3/01/16

    130    97,500

Bombardier, Inc.

      

6.30%, 5/01/14 (a)

    505    482,275

8.00%, 11/15/14 (a)

    350    358,750

Case Corp.

      

7.25%, 1/15/16

    370    360,750

Case New Holland, Inc.

      

7.125%, 3/01/14

    270    264,600

Crown Americas

      

7.625%, 11/15/13

    450    448,875

L-3 Communications Corp.

      

5.875%, 1/15/15

    420    387,450

Owens Brockway Glass Container, Inc.

      

6.75%, 12/01/14

    330    330,000

Owens Corning, Inc.

      

6.50%, 12/01/16

    140    127,467

7.00%, 12/01/36

    185    154,550

Plastipak Holdings, Inc.

      

8.50%, 12/15/15 (a)

    135    124,875

Russell-Stanley Holdings, Inc.

      

9.00%, 11/30/08 (e)(f)(g)

    365    45,667

Sequa Corp.

      

11.75%, 12/01/15 (a)

    130    115,700

Terex Corp.

      

8.00%, 11/15/17

    65    64,513

United Rentals North America, Inc.

      

6.50%, 2/15/12

    5    4,500

7.75%, 11/15/13

    538    430,400
       
      5,740,922
       

Communications - Media - 6.2%

      

Allbritton Communications Co.

      

7.75%, 12/15/12

    275    267,438

AMC Entertainment, Inc.

      

11.00%, 2/01/16

    255    252,450

C&M Finance Ltd.

      

8.10%, 2/01/16 (a)

    250    253,125

Cablevision Systems Corp.

      

Series B

      

8.00%, 4/15/12

    290    274,050

CanWest MediaWorks, Inc.

      

8.00%, 9/15/12

    2    1,780

CCH I LLC

      

11.00%, 10/01/15

    225    166,781

Charter Communications Operations LLC

      

8.00%, 4/30/12 (a)

    990    935,550

Clear Channel Communications, Inc.

      

5.50%, 9/15/14

    545    327,000

5.75%, 1/15/13

    290    195,388

CSC Holdings, Inc.

      

6.75%, 4/15/12

    325    305,500

7.625%, 7/15/18

    485    446,200

Dex Media West LLC

      

Series B

      

8.50%, 8/15/10

    180    177,750

DirecTV Holdings LLC

      

6.375%, 6/15/15

    605    567,188

EchoStar DBS Corp.

      

6.375%, 10/01/11

    325    313,625

6.625%, 10/01/14

    455    420,875

7.125%, 2/01/16

    160    147,600

Idearc, Inc.

      

8.00%, 11/15/16

    770    484,137

Intelsat Bermuda Ltd.

      

11.25%, 6/15/16

    577    584,212

Lamar Media Corp.

      

6.625%, 8/15/15

    200    182,000

Liberty Media Corp.

      

7.875%, 7/15/09

    120    121,168

8.25%, 2/01/30

    150    130,667

LIN Television Corp.

      

6.50%, 5/15/13

    120    109,800

Nielsen Finance LLC / Nielsen Finance Co.

      

12.50%, 8/01/16 (d)

    75    51,562

Quebecor Media, Inc.

      

7.75%, 3/15/16

    570    530,100

RH Donnelley Corp.

      

8.875%, 10/15/17 (a)

    780    464,100

Series A-2

      

6.875%, 1/15/13

    252    149,940

Series A-3

      

8.875%, 1/15/16

    235    141,000

Sinclair Television Group, Inc.

      

8.00%, 3/15/12

    2    2,015

Sirius Satellite Radio, Inc.

      

9.625%, 8/01/13

    190    153,900

Univision Communications, Inc.

      

7.85%, 7/15/11

    270    252,450

WMG Holdings Corp.

      

9.50%, 12/15/14 (d)

    400    252,000

XM Satellite Radio, Inc.

      

9.75%, 5/01/14

    170    162,350
       
      8,823,701
       

Communications - Telecommunications - 2.6%

     

Alltel Corp.

      

7.875%, 7/01/32

    285    289,275

American Tower Corp.

      

7.00%, 10/15/17 (a)

    100    99,000

Citizens Communications Co.

      

6.25%, 1/15/13

    490    454,475

Cricket Communications, Inc.

      

9.375%, 11/01/14

    260    250,250

Digicel Ltd.

      

9.25%, 9/01/12 (a)

    349    359,034

Inmarsat Finance PLC

      

7.625%, 6/30/12

    372    379,440

Level 3 Financing, Inc.

      

8.75%, 2/15/17

    105    90,300

9.25%, 11/01/14

    265    241,150

Nextel Communications, Inc.

      

Series D

      

7.375%, 8/01/15

    260    215,800

Rural Cellular Corp.

      

8.25%, 3/15/12

    165    169,125

Sprint Capital Corp.

      

6.875%, 11/15/28

    345    287,212

8.75%, 3/15/32

    145    138,112

Time Warner Telecom Holdings, Inc.

      

9.25%, 2/15/14

    100    102,250

Vip Finance

      

8.375%, 4/30/13 (a)

    220    216,882

Windstream Corp.

      

8.125%, 8/01/13

    198    197,505

8.625%, 8/01/16

    231    230,423
       
      3,720,233
       

Consumer Cyclical - Automotive - 3.5%

     

Allison Transmission

      

11.00%, 11/01/15 (a)

    120    107,400

Ford Motor Co.

      

7.45%, 7/16/31

    816    475,320

Ford Motor Credit Co.

      

5.46%, 1/13/12 (b)

    630    447,791

7.00%, 10/01/13

    443    326,230

Gallery Capital SA

      

10.125%, 5/15/13 (a)

    249    201,204

General Motors Acceptance Corp.

      

6.75%, 12/01/14

    200    132,089

6.875%, 9/15/11

    765    549,708

8.00%, 11/01/31

    260    169,150

General Motors Corp.

      

8.25%, 7/15/23

    740    431,050

8.375%, 7/15/33

    720    426,600

The Goodyear Tire & Rubber Co.

      

8.625%, 12/01/11

    59    59,590

9.00%, 7/01/15

    338    337,155

Keystone Automotive Operations, Inc.

      

9.75%, 11/01/13

    310    148,800

Lear Corp.

      

Series B

      

5.75%, 8/01/14

    210    153,300

8.50%, 12/01/13

    80    66,100

8.75%, 12/01/16

    420    327,600

TRW Automotive, Inc.

      

7.25%, 3/15/17 (a)

    580    487,200

Visteon Corp.

      

7.00%, 3/10/14

    385    209,825
       
      5,056,112
       

Consumer Cyclical - Other - 4.4%

     

Boyd Gaming Corp.

      

7.75%, 12/15/12

    155    133,688

Broder Brothers Co.

      

Series B

      

11.25%, 10/15/10

    142    96,205

Gaylord Entertainment Co.

      

6.75%, 11/15/14

    5    4,550

8.00%, 11/15/13

    350    336,000

Greektown Holdings LLC

      

10.75%, 12/01/13 (a)(g)

    240    177,600

Harrah’s Operating Co., Inc.

      

5.625%, 6/01/15

    205    110,187

5.75%, 10/01/17

    38    19,950

6.50%, 6/01/16

    442    240,890

10.75%, 2/01/16 (a)

    417    346,110

Host Hotels & Resorts LP

      

6.875%, 11/01/14

    185    170,200

Series Q

      

6.75%, 6/01/16

    590    523,625

KB Home

      

7.75%, 2/01/10

    230    234,439

Levi Strauss & Co.

      

8.875%, 4/01/16

    225    218,812

MGM Mirage

      

6.625%, 7/15/15

    620    497,550

8.375%, 2/01/11

    620    598,300

Mohegan Tribal Gaming Auth

      

6.375%, 7/15/09

    155    153,450

7.125%, 8/15/14

    250    207,500

Penn National Gaming, Inc.

      

6.875%, 12/01/11

    280    280,700

Six Flags, Inc.

      

9.625%, 6/01/14

    92    51,060

Station Casinos, Inc.

      

6.625%, 3/15/18

    390    208,650

Trump Entertainment Resorts, Inc.

      

8.50%, 6/01/15

    210    130,725

Turning Stone Resort Casino Enterprise

      

9.125%, 12/15/10 (a)

    300    297,750

Universal City Development Partners

      

11.75%, 4/01/10

    335    344,213

Universal City Florida Holding Co.

      

8.375%, 5/01/10

    110    108,900

William Lyon Homes, Inc.

      

10.75%, 4/01/13

    206    111,240

Wynn Las Vegas Capital Corp.

      

6.625%, 12/01/14

    770    704,550
       
      6,306,844
       

Consumer Cyclical - Restaurants - 0.1%

     

Outback Steakhouse Inc.

      

10.00%, 6/15/15 (a)

    100    64,750
       

Consumer Cyclical - Retailers - 0.9%

     

Autonation, Inc.

      

4.713%, 4/15/13 (b)

    55    46,475

Burlington Coat Factory Warehouse Corp.

      

11.125%, 4/15/14

    130    105,300

Couche-Tard, Inc.

      

7.50%, 12/15/13

    333    328,838

Dollar General Corp.

      

10.625%, 7/15/15

    115    113,850

GSC Holdings Corp.

      

8.00%, 10/01/12

    185    188,700

Michaels Stores, Inc.

      

10.00%, 11/01/14

    85    73,631

Rite Aid Corp.

      

6.875%, 8/15/13

    230    138,000

8.125%, 5/01/10

    6    6,009

9.25%, 6/01/13

    210    205,800

9.375%, 12/15/15

    165    110,550
       
      1,317,153
       

Consumer Non-Cyclical - 3.8%

      

ARAMARK Corp.

      

8.50%, 2/01/15

    310    303,800

Community Health Systems, Inc.

      

8.875%, 7/15/15

    294    295,838

DaVita, Inc.

      

7.25%, 3/15/15

    250    243,125

Dean Foods Co.

      

7.00%, 6/01/16

    125    108,438

Dole Food Co., Inc.

      

7.25%, 6/15/10

    5    4,525

8.625%, 5/01/09

    180    171,450

8.875%, 3/15/11

    92    81,880

Elan Finance PLC/Elan Finance Corp.

      

7.75%, 11/15/11

    590    572,300

Hanger Orthopedic Group, Inc.

      

10.25%, 6/01/14

    190    195,225

HCA, Inc.

      

6.25%, 2/15/13

    5    4,337

6.375%, 1/15/15

    415    344,450

6.50%, 2/15/16

    290    241,425

6.75%, 7/15/13

    10    8,775

7.875%, 2/01/11

    415    408,775

9.625%, 11/15/16 (c)

    485    499,550

Healthsouth Corp.

      

10.75%, 6/15/16

    50    53,750

IASIS Healthcare Corp.

      

8.75%, 6/15/14

    345    348,450

LVB Acquisition Merger Sub, Inc.

      

11.625%, 10/15/17 (a)

    125    132,500

New Albertsons, Inc.

      

7.45%, 8/01/29

    255    241,220

Select Medical Corp.

      

7.625%, 2/01/15

    285    250,087

Spectrum Brands, Inc.

      

7.375%, 2/01/15

    125    78,750

Stater Brothers Holdings

      

8.125%, 6/15/12

    165    165,825

Tenet Healthcare Corp.

      

7.375%, 2/01/13

    270    253,800

9.875%, 7/01/14

    150    150,750

Viant Holdings, Inc.

      

10.125%, 7/15/17 (a)

    168    142,800

Visant Corp.

      

7.625%, 10/01/12

    210    206,325
       
      5,508,150
       

Energy - 1.8%

     

Chesapeake Energy Corp.

      

7.50%, 9/15/13

    185    185,000

7.75%, 1/15/15

    485    503,188

CIE Generale De Geophysique

      

7.50%, 5/15/15

    145    144,638

7.75%, 5/15/17

    25    25,031

Complete Production Services, Inc.

      

8.00%, 12/15/16

    95    94,881

Energy XXI Gulf Coast, Inc.

      

10.00%, 6/15/13

    115    106,950

Forest Oil Corp.

      

7.25%, 6/15/19

    200    192,000

Hilcorp Energy I LP/Hilcorp Finance Co.

      

7.75%, 11/01/15 (a)

    115    110,400

Newfield Exploration Co.

      

7.125%, 5/15/18

    160    151,600

PetroHawk Energy Corp.

      

9.125%, 7/15/13

    217    222,425

Plains Exploration & Production Co.

      

7.75%, 6/15/15

    160    161,200

Pride International, Inc.

      

7.375%, 7/15/14

    95    94,762

Range Resources Corp.

      

7.50%, 5/15/16

    265    264,006

Tesoro Corp.

      

6.25%, 11/01/12

    400    380,000
       
      2,636,081
       

Other Industrial - 0.5%

     

Evraz Group SA

      

8.875%, 4/24/13 (a)

    115    115,138

Noble Group Ltd.

      

8.50%, 5/30/13 (a)

    170    167,450

RBS Global, Inc. and Rexnord Corp.

      

9.50%, 8/01/14

    285    273,600

11.75%, 8/01/16

    115    110,112
       
      666,300
       

Services - 0.6%

     

Expedia, Inc.

      

8.50%, 7/01/16 (a)

    75    73,312

Noble Group Ltd.

      

6.625%, 3/17/15 (a)

    401    352,880

Realogy Corp.

      

10.50%, 4/15/14

    275    191,125

Service Corp. International

      

6.75%, 4/01/16

    165    156,338

Travelport LLC

      

9.875%, 9/01/14

    60    53,250

West Corp.

      

9.50%, 10/15/14

    80    72,000
       
      898,905
       

Technology - 2.9%

     

Amkor Technology, Inc.

      

9.25%, 6/01/16

    405    385,763

Avago Technologies Finance

      

10.125%, 12/01/13

    230    243,800

CA, Inc.

      

4.75%, 12/01/09 (a)

    200    197,406

Ceridian Corp.

      

11.25%, 11/15/15 (a)

    115    104,363

First Data Corp.

      

9.875%, 9/24/15 (a)

    143    124,410

Flextronics International Ltd.

      

6.50%, 5/15/13

    435    415,425

Freescale Semiconductor, Inc.

      

8.875%, 12/15/14

    580    471,250

10.125%, 12/15/16

    285    217,312

Iron Mountain, Inc.

      

6.625%, 1/01/16

    410    383,350

Nortel Networks Ltd.

      

10.125%, 7/15/13

    235    229,712

NXP BV / NXP Funding LLC

      

5.463%, 10/15/13 (b)

    170    149,600

9.50%, 10/15/15

    180    156,600

Seagate Technology HDD Holding

      

6.375%, 10/01/11

    298    288,315

Serena Software, Inc.

      

10.375%, 3/15/16

    270    251,100

Sungard Data Systems, Inc.

      

9.125%, 8/15/13

    490    494,900
       
      4,113,306
       

Transportation - Airlines - 0.3%

      

AMR Corp.

      

9.00%, 8/01/12

    242    123,420

Continental Airlines, Inc.

      

8.75%, 12/01/11

    260    174,200

Series RJO3

      

7.875%, 7/02/18

    79    61,126
       
      358,746
       

Transportation - Railroads - 0.1%

     

Trinity Industries, Inc.

      

6.50%, 3/15/14

    160    155,200
       

Transportation - Services - 0.5%

     

Avis Budget Car Rental

      

7.75%, 5/15/16

    255    195,713

Hertz Corp.

      

8.875%, 1/01/14

    305    279,075

10.50%, 1/01/16

    235    213,850
       
      688,638
       
      50,640,197
       

Non Corporate Sectors - 4.5%

     

Derivatives - RACERS - 2.7%

     

Racers

      

Series 06-6-T

      

2.813%, 7/01/08 (a)(b)

    4,200    3,833,352
       

Derivatives - Total Return Swaps - 1.8%

     

High Yield Total Return Trust

      

Series 2007-1

      

2.638%, 7/01/08 (a)(b)

    2,990    2,677,605
       
      6,510,957
       

Utility - 4.3%

     

Electric - 3.7%

     

The AES Corp.

      

7.75%, 3/01/14

    630    621,338

8.00%, 10/15/17

    90    88,200

8.75%, 5/15/13 (a)

    50    51,875

Aquila, Inc.

      

14.875%, 7/01/12

    200    232,500

CMS Energy Corp.

      

8.50%, 4/15/11

    215    224,444

Dynegy Holdings, Inc.

      

7.75%, 6/01/19

    320    291,200

8.375%, 5/01/16

    425    412,250

Edison Mission Energy

      

7.00%, 5/15/17

    200    187,000

7.50%, 6/15/13

    500    496,250

7.75%, 6/15/16

    170    169,150

Energy Future Holdings Corp.

      

10.875%, 11/01/17 (a)

    175    176,750

Mirant Americas Generation LLC

      

8.50%, 10/01/21

    400    373,000

NRG Energy, Inc.

      

7.25%, 2/01/14

    85    81,175

7.375%, 2/01/16 - 1/15/17

    925    872,325

Reliant Energy, Inc.

      

7.625%, 6/15/14

    185    180,375

7.875%, 6/15/17

    225    219,937

Texas Competitive Electric Holdings Co. LLC

      

10.25%, 11/01/15 (a)

    130    127,400

TXU Corp.

      

Series P

      

5.55%, 11/15/14

    251    196,501

Series Q

      

6.50%, 11/15/24

    379    279,627
       
      5,281,297
       

Natural Gas - 0.6%

     

El Paso Corp.

      

7.375%, 12/15/12

    330    339,248

Enterprise Products Operating LP

      

8.375%, 8/01/66 (h)

    460    459,868

Regency Energy Partners

      

8.375%, 12/15/13

    98    100,205
       
      899,321
       
      6,180,618
       

Financial Institutions - 2.0%

     

Banking - 0.7%

     

ALB Finance BV

      

9.25%, 9/25/13 (a)

    273    231,368

CenterCredit International BV

      

8.625%, 1/30/14 (a)

    194    178,722

Kazkommerts International BV

      

8.50%, 4/16/13 (a)

    350    314,860

RS Finance (RSB)

      

7.50%, 10/07/10 (a)

    270    253,800
       
      978,750
       

Brokerage - 0.0%

     

E*Trade Financial Corp.

      

7.375%, 9/15/13

    85    73,100
       

Finance - 0.7%

     

Chaoda Modern Agriculture

      

7.75%, 2/08/10 (a)

    519    522,779

Countrywide Financial Corp.

      

6.25%, 5/15/16

    216    192,314

Residential Capital LLC

      

9.625%, 5/15/15 (a)

    572    277,420
       
      992,513
       

Insurance - 0.1%

     

Crum & Forster Holdings Corp.

      

7.75%, 5/01/17

    220    204,050
       

Other Finance - 0.3%

     

Trains HY-1-2006

      

7.117%, 5/01/16 (a)(h)

    405    393,587
       

REITS - 0.2%

     

Icahn Enterprises

      

7.125%, 2/15/13

    315    285,862
       
      2,927,862
       

Credit Default Index Holdings - 1.4%

     

DJ CDX.NA.HY-100 - 1.4%

     

CDX North America High Yield

      

Series 8-T1

      

7.625%, 6/29/12 (a)

    1,089    1,016,179

Dow Jones CDX HY

      

Series 4-T1

      

8.25%, 6/29/10 (a)

    945    966,556
       
      1,982,735
       

Total Corporates - Non-Investment Grades
(cost $79,813,039)

       68,242,369
       

EMERGING MARKETS - SOVEREIGNS - 32.5%

     

Non Corporate Sectors - 32.5%

     

Sovereign - 32.5%

     

Argentina - 2.2%

     

Republic of Argentina

      

3.092%, 8/03/12 (b)

    1,180    992,818

8.28%, 12/31/33 (i)

    2,572    1,961,132

Series V

      

7.00%, 3/28/11

    275    235,545
       
      3,189,495
       

Colombia - 1.8%

     

Republic of Colombia

      

7.375%, 1/27/17 - 9/18/37

    1,011    1,093,508

11.75%, 2/25/20

    1,028    1,490,600
       
      2,584,108
       

Costa Rica - 0.3%

     

Republic of Costa Rica

      

8.05%, 1/31/13 (a)

    181    197,516

8.11%, 2/01/12 (a)

    188    202,570
       
      400,086
       

Dominican Republic - 0.3%

     

Dominican Republic

      

8.625%, 4/20/27 (a)

    370    379,250
       

Ecuador - 1.3%

      

Republic of Ecuador

      

9.375%, 12/15/15 (a)

    775    802,125

10.00%, 8/15/30 (a)(j)

    1,087    1,059,825
       
      1,861,950
       

El Salvador - 0.7%

     

Republic of El Salvador

      

7.625%, 9/21/34 (a)

    150    159,000

7.65%, 6/15/35 (a)

    355    367,425

8.50%, 7/25/11 (a)

    400    438,040
       
      964,465
       

Indonesia - 2.9%

     

Republic of Indonesia

      

6.625%, 2/17/37 (a)

    520    434,200

6.75%, 3/10/14 (a)

    945    946,181

6.875%, 3/09/17 - 1/17/18 (a)

    835    793,052

7.25%, 4/20/15 (a)

    976    990,640

7.50%, 1/15/16 (a)

    270    273,713

7.75%, 1/17/38 (a)

    387    366,683

8.50%, 10/12/35 (a)

    390    402,675
       
      4,207,144
       

Jamaica - 0.3%

     

Government of Jamaica

      

9.25%, 10/17/25

    100    106,000

10.625%, 6/20/17

    270    305,100
       
      411,100
       

Lebanon - 0.7%

     

Lebanese Republic

      

7.875%, 5/20/11 (a)

    325    321,750

10.125%, 8/06/08 (a)

    556    556,690

11.625%, 5/11/16 (a)

    146    169,360
       
      1,047,800
       

Pakistan - 0.2%

     

Republic of Pakistan

      

6.875%, 6/01/17 (a)

    438    315,360
       

Panama - 2.9%

     

Republic of Panama

      

6.70%, 1/26/36

    3    3,045

7.125%, 1/29/26

    927    996,525

7.25%, 3/15/15

    1,321    1,420,075

8.875%, 9/30/27

    724    908,620

9.375%, 4/01/29

    661    863,597
       
      4,191,862
       

Peru - 2.3%

      

Republic of Peru

      

7.35%, 7/21/25

    1,310    1,460,650

8.375%, 5/03/16

    451    522,709

8.75%, 11/21/33

    1,049    1,347,965
       
      3,331,324
       

Philippines - 4.8%

      

Republic of Philippines

      

7.50%, 9/25/24

    1,059    1,082,828

7.75%, 1/14/31

    555    586,912

8.875%, 3/17/15

    1,500    1,674,375

9.875%, 1/15/19

    2,628    3,193,020

10.625%, 3/16/25

    205    269,831
       
      6,806,966
       

Turkey - 5.6%

      

Republic of Turkey

      

6.875%, 3/17/36

    1,611    1,331,089

7.00%, 6/05/20

    1,950    1,796,438

7.375%, 2/05/25

    1,523    1,404,967

9.50%, 1/15/14

    151    165,345

11.00%, 1/14/13

    1,469    1,693,022

11.50%, 1/23/12

    1,447    1,656,815
       
      8,047,676
       

Ukraine - 0.4%

      

Government of Ukraine

      

6.385%, 6/26/12 (a)

    110    105,151

6.58%, 11/21/16 (a)

    334    307,280

7.65%, 6/11/13 (a)

    112    108,640
       
      521,071
       

Uruguay - 1.3%

      

Republic of Uruguay

      

7.625%, 3/21/36

    140    143,360

7.875%, 1/15/33 (c)

    1,083    1,131,785

9.25%, 5/17/17

    505    611,050
       
      1,886,195
       

Venezuela - 4.5%

      

Republic of Venezuela

      

3.908%, 4/20/11 (a)(b)

    120    108,000

5.75%, 2/26/16

    2,115    1,649,310

6.00%, 12/09/20

    233    164,265

7.00%, 12/01/18 (a)

    610    487,238

7.65%, 4/21/25

    1,942    1,534,180

8.50%, 10/08/14

    1,165    1,100,925

9.25%, 9/15/27

    1,123    1,053,935

9.375%, 1/13/34

    318    288,585
       
      6,386,438
       

Total Emerging Markets - Sovereigns
(cost $46,124,774)

       46,532,290
       

GOVERNMENTS - SOVEREIGN BONDS - 14.8%

      

Non Corporate Sectors - 14.8%

     

Sovereign - 14.8%

     

Brazil - 7.9%

     

Republic of Brazil

      

6.00%, 1/17/17

    471    480,185

7.125%, 1/20/37 (i)

    5,272    5,832,150

8.25%, 1/20/34

    1,949    2,397,270

8.75%, 2/04/25

    515    644,522

8.875%, 10/14/19

    1,544    1,933,088
       
      11,287,215
       

Malaysia - 0.4%

     

Malaysia

      

7.50%, 7/15/11

    541    586,043
       

Mexico - 2.5%

     

United Mexican States

      

Series A

      

8.00%, 9/24/22 (i)

    2,906    3,536,602
       

Russia - 3.8%

     

Russian Federation

      

7.50%, 3/31/30 (a)(j)

    4,374    4,909,613

11.00%, 7/24/18 (a)

    435    609,000
       
      5,518,613
       

South Africa - 0.2%

     

Republic of South Africa

      

5.875%, 5/30/22

    200    186,250

7.375%, 4/25/12

    142    149,810
       
      336,060
       

Total Governments - Sovereign Bonds
(cost $17,964,149)

       21,264,533
       

CORPORATES - INVESTMENT GRADES - 9.7%

     

Industrial - 5.9%

     

Basic - 1.5%

     

Freeport-McMoRan Copper & Gold, Inc.

      

8.375%, 4/01/17

    550    580,250

GTL Trade Finance, Inc.

      

7.25%, 10/20/17 (a)

    181    181,845

The Mosaic Co.

      

7.875%, 12/01/16 (a)(j)

    445    473,925

Southern Copper Corp.

      

7.50%, 7/27/35

    300    293,758

United States Steel Corp.

      

7.00%, 2/01/18

    160    159,648

Vale Overseas Ltd.

      

6.875%, 11/21/36

    404    375,209

Weyerhaeuser Co.

      

7.375%, 3/15/32

    125    123,984
       
      2,188,619
       

Capital Goods - 0.1%

     

Masco Corp.

      

6.125%, 10/03/16

    170    154,043
       

Communications - Telecommunications - 1.0%

     

Qwest Corp.

      

8.875%, 3/15/12

    1,360    1,387,200
       

Consumer Cyclical - Other - 0.0%

     

Six Flags Operations, Inc.

      

12.25%, 7/15/16 (a)

    38    34,778
       

Consumer Cyclical - Retailers - 0.3%

     

Federated Retail Holdings, Inc.

      

5.90%, 12/01/16

    175    152,021

Limited Brands, Inc.

      

5.25%, 11/01/14

    187    158,181

6.90%, 7/15/17

    110    99,952
       
      410,154
       

Consumer Non-Cyclical - 0.8%

     

Cadbury Schweppes US Finance LLC

      

5.125%, 10/01/13 (a)

    180    172,263

Reynolds American, Inc.

      

7.25%, 6/01/12 - 6/01/13

    825    851,497

Ventas Realty LP/Ventas Capital Corp.

      

6.75%, 4/01/17

    157    150,720
       
      1,174,480
       

Energy - 1.8%

     

Gaz Capital SA

      

6.212%, 11/22/16 (a)

    100    92,785

6.51%, 3/07/22 (a)

    1,998    1,793,205

KazMunaiGaz Finance Sub BV

      

8.375%, 7/02/13 (a)

    580    578,115

National Oilwell Varco, Inc.

      

Series B

      

6.125%, 8/15/15

    131    132,830
       
      2,596,935
       

Other Industrial - 0.2%

     

Usiminas Commercial Ltd.

      

7.25%, 1/18/18 (a)

    209    214,225
       

Technology - 0.2%

      

Electronic Data Systems Corp.

      

Series B

      

6.50%, 8/01/13

    178    182,818

Motorola, Inc.

      

7.50%, 5/15/25

    170    159,014
       
      341,832
       
      8,502,266
       

Financial Institutions - 2.0%

     

Banking - 0.6%

     

ATF Bank

      

9.00%, 5/11/16 (a)

    402    400,995

The Bear Stearns Co., Inc.

      

5.55%, 1/22/17

    200    184,845

Washington Mutual, Inc.

      

5.25%, 9/15/17

    270    203,850
       
      789,690
       

Brokerage - 0.2%

     

Lehman Brothers Holdings, Inc.

      

5.75%, 1/03/17

    355    313,276
       

Finance - 0.8%

     

Capital One Financial Corp.

      

6.75%, 9/15/17

    87    86,202

CIT Group, Inc.

      

Series MTN

      

5.125%, 9/30/14

    270    193,387

Countrywide Financial Corp.

      

Series MTN

      

5.80%, 6/07/12

    47    44,453

Countrywide Home Loans, Inc.

      

Series MTNL

      

4.00%, 3/22/11

    3    2,731

iStar Financial, Inc.

      

5.15%, 3/01/12

    265    218,625

SLM Corp.

      

Series MTN

      

5.125%, 8/27/12

    130    113,115

Series MTNA

      

4.50%, 7/26/10

    130    120,290

VTB Capital SA

      

6.609%, 10/31/12 (a)

    410    398,192
       
      1,176,995
       

Insurance - 0.3%

     

Liberty Mutual Group, Inc.

      

5.75%, 3/15/14 (a)

    280    270,288

7.80%, 3/15/37 (a)

    95    75,845
       
      346,133
       

Other Finance - 0.1%

      

Aiful Corp.

      

6.00%, 12/12/11 (a)

    230    190,090
       
      2,816,184
       

Utility - 1.2%

     

Electric - 0.8%

     

Allegheny Energy Supply

      

7.80%, 3/15/11

    280    286,300

8.25%, 4/15/12 (a)

    345    359,663

Teco Finance, Inc.

      

6.572%, 11/01/17

    174    171,530

7.00%, 5/01/12

    251    261,738
       
      1,079,231
       

Natural Gas - 0.4%

     

Williams Co., Inc.

      

7.625%, 7/15/19

    570    598,500
       
      1,677,731
       

Non Corporate Sectors - 0.6%

     

Agencies - Not Government Guaranteed - 0.2%

     

Petronas Capital Ltd.

      

7.00%, 5/22/12 (a)

    364    393,382
       

Foreign Local Government - Municipal - 0.4%

     

TNK-BP Finance SA

      

7.50%, 7/18/16 (a)

    575    544,065
       
      937,447
       

Total Corporates - Investment Grades
(cost $14,240,634)

       13,933,628
       

EMERGING MARKETS - CORPORATE BONDS - 1.2%

     

Financial Institutions - 0.7%

     

Banking - 0.3%

     

Banco BMG SA

      

9.15%, 1/15/16 (a)

    450    456,750
       

Finance - 0.4%

     

IIRSA Norte Finance Ltd.

      

8.75%, 5/30/24 (a)

    432    479,394
       
      936,144
       

Utility - 0.2%

     

Electric - 0.2%

     

AES El Salvador Trust

      

6.75%, 2/01/16 (a)

    270    254,067
       

Industrial - 0.2%

     

Consumer Cyclical - Other - 0.2%

     

Royal Caribbean Cruises Ltd.

      

8.00%, 5/15/10

    235    237,350
       

Non Corporate Sectors - 0.1%

      

Sovereign - 0.1%

     

Russia - 0.1%

     

Alfa Bond Issuance PLC

      

8.625%, 12/09/15

    225      218,554  
           

Total Emerging Markets - Corporate Bonds
(cost $1,652,087)

         1,646,115  
           

QUASI-SOVEREIGNS - 1.0%

     

Quasi-Sovereign Bonds - 1.0%

     

Pemex Project Funding Master Trust

      

5.75%, 3/01/18 (a)

    285      278,588  

RSHB Capital SA for OJSC Russian Agricultural Bank

      

6.299%, 5/15/17 (a)

    163      145,611  

7.125%, 1/14/14 (a)

    1,065      1,050,303  
           

Total Quasi-Sovereigns
(cost $1,515,097)

         1,474,502  
           
     Shares       

NON-CONVERTIBLE - PREFERRED STOCKS - 0.3%

     

Non Corporate Sectors - 0.2%

     

Agencies - Government Sponsored - 0.2%

     

Federal National Mortgage Association

      

8.25%

    9,550      219,172  
           

Financial Institutions - 0.1%

     

REITS - 0.1%

     

Sovereign REIT

      

12.00% (a)

    185      179,450  
           

Total Non-Convertible - Preferred Stocks
(cost $407,100)

         398,622  
           

WARRANTS - 0.2%

     

Central Bank of Nigeria, expiring 11/15/20 (k)

    1,000      218,000  

Republic of Venezuela, expiring 4/15/20 (k)

    7,140      0  
           

Total Warrants
(cost $0)

         218,000  
           

SHORT-TERM INVESTMENTS - 2.7%

     

Investment Companies - 2.7%

     

AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio (l)
(cost $3,915,397)

    3,915,397      3,915,397  
           

Total Investments - 110.0%
(cost $165,632,277)

         157,625,456  

Other assets less liabilities - (10.0)%

         (14,349,370 )
           

Net Assets - 100.0%

       $ 143,276,086  
           

CREDIT DEFAULT SWAP CONTRACTS

 

Swap Counterparty & Referenced Obligation

    Notional
Amount
(000)		    Interest
Rate		     Termination
Date		    Unrealized
Appreciation/
(Depreciation)

Sale Contracts:

           

Citigroup Global Markets, Inc. Republic of Philippines 10.625%, 3/16/25

    $ 510    4.95 %   3/20/09    $ 15,234

JP Morgan Chase Gazprom OAO 10.50%, 10/21/09

      1,490    1.04     10/20/10      17,562

JP Morgan Chase Petroleos De Venezuela SA 5.50%, 4/21/37

      1,730    6.62     5/20/09      39,931

REVERSE REPURCHASE AGREEMENTS

 

Broker

    Interest Rate     Maturity    Amount

ABN Securities, Ltd.

    1.95 %   12/31/08    $ 1,775,156

ABN Securities, Ltd.

    2.15     12/31/08      3,433,611

ABN Securities, Ltd.

    2.35     12/31/08      5,857,706
           
        $ 11,066,473
           

 

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2008, the aggregate market value of these securities amounted to $44,873,469 or 31.3% of net assets.

 

(b) Floating Rate Security. Stated interest rate was in effect at June 30, 2008.

 

(c) Pay-In-Kind Payments (PIK).

 

(d) Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective until final maturity.

 

(e) Illiquid security, valued at fair value. (See Note A)

 

(f) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security, which represents 0.03% of net assets as of June 30, 2008, is considered illiquid and restricted.

 

Restricted Securities

    Acquisition
Date		    Acquisition
Cost		    Market
Value		    Percentage of
Net Assets		  

Russell-Stanley Holdings, Inc.

            

9.00%, 11/30/08

    2/26/99    $ 4,895,369    $ 45,667    0.03 %

 

(g) Security is in default and is non-income producing.

 

(h) Variable rate coupon, rate shown as of June 30, 2008.

 

(i) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements. The aggregate market value of these securities amounted to $11,329,884.

 

(j) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at June 30, 2008.

 

(k) Non-income producing security.

 

(l) Investment in affiliated money market mutual fund.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

   

DESCRIPTION OF EXHIBIT

3 (a) (1)

    Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

3 (a) (2)

    Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant) ACM Managed Dollar Income Fund, Inc.
By:  

/s/ Marc O. Mayer

  Marc O. Mayer
  President
Date:   August 20, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:  

/s/ Marc O. Mayer

  Marc O. Mayer
  President
Date:   August 20, 2008
By:  

/s/ Joseph J. Mantineo

  Joseph J. Mantineo
  Treasurer and Chief Financial Officer
Date:   August 20, 2008

 

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